Brokerages such as Nomura and Kotak Securities have cut the target price on Kaynes Tech. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Shares of Kaynes Technology India Ltd. are once again on a roll, surging up to 5% on Friday's session. This comes on the back of an immense correction witnessed in the counter over the past week.

Technical and fundamental analysts consulted by NDTV Profit suggest the long-term growth story remains intact for the company, and if finances remain stable, the stock can make a considerable recovery.

Shares of Kaynes Tech are currently trading at Rs 4,181, reaching intraday Rs 4,243 which accounts for 5% gains from Thursday's closing price. It must be noted that Kaynes shares appreciated over 6% on Thursday.

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